Page 3 - Two Wheeler Sales

Two-wheelers not luxury, tax cut needed to spur demand: HMSI official

Two-wheelers are a necessity and not luxury in the current Indian context and taxes on these vehicles must be reduced as the industry is staring at a single-digit growth next fiscal with affordability becoming an issue, according to a senior executive of Honda Motorcycle and Scooter India. There is also a requirement for income tax rationalisation to enable middle-income people start spending again, Honda Motorcycle and Scooter India (HMSI) Director Sales and Marketing Yogesh Mathur told PTI in an interview. In the ongoing fiscal, motorcycle sales have not done as well as the scooter segment due to softness in demand from rural market, due to a variety of factors including delayed monsoons, he added. "From the rationalisation of GST (point of view), we have been requesting the government to really take care of (it) because two-wheelers are actually not a luxury. It is a necessity for our people to commute," Mathur said when asked about demands from the industry for a cut in taxes on

M&M, TVS & Uno Minda among top picks by Nuvama ahead of December auto sales

Nuvama analysts said December is expected to bring encouraging results for the industry. PVs are predicted to achieve double-digit growth, propelled by strong performances from M&M, Maruti & Toyota

Bajaj Auto refutes price cut claims in Freedom 125 and Pulsar models

Bajaj Auto addressed reports that claimed price cuts of Rs 5,000 to Rs 10,000 for its bikes post-Diwali

Wedding season sparks 2-wheeler boom but passenger vehicles hit the brakes

As passenger vehicle retail sales slowed in November, companies are anticipated to maintain high discount levels to attract buyers

Auto retail sales up 32% in Oct as 2W, PVs shine in festival season

Inventory levels improve from record high in Sept; dealers expect business improvement to continue

Two-wheeler sales soar in October; TVS, Hero MotoCorp lead the charge

India's motorcycle manufacturers also saw encouraging growth in export markets this October

India's automobile exports rise 14% in Apr-Sept, led by PVs, two-wheelers

Automobile exports from India in the first six months of the current fiscal year rose 14 per cent year-on-year, led by gains in shipments of passenger vehicles and two-wheelers. According to Siam data, the overall exports in the April-September period stood at 25,28,248 units, up 14 per cent as compared with 22,11,457 units in the year-ago period. "Key markets like Latin America and Africa, which had slowed down for various reasons, have bounced back. This has been the main reason for exports coming back," Society of Indian Automobile Manufacturers (Siam) President Shailesh Chandra said. He was replying to a query on the reasons for the bouncing back of vehicle exports in the April-September period. Various African nations and other regions faced challenges due to devaluation of currencies. This impacted the vehicle shipments as the nations focussed on import of essential items. Automobile exports declined 5.5 per cent in FY24 due to the monetary crisis in various overseas ...

Bajaj Auto Q2FY25 preview: Revenue may climb upto 25% YoY on strong volumes

Analysts are optimistic about major revenue growth for Bajaj Auto, driven by robust volume increases and effective pricing strategies.

Honda overtakes Hero MotoCorp in 2W retail sales ahead of festive season

According to figures from the Federation of Automobile Dealers Associations, Honda Motorcycle and Scooter India sold 62,537 more motorcycles and scooters than Hero MotoCorp in September 2024

Silver lining for two-wheelers, but investors should tread with caution

The two-wheeler numbers will need to be monitored closely since low momentum would trigger downgrades for stocks that have moved up in anticipation of outperformance

Two-wheeler sales witness surge ahead of festival season in India

Major players record 9-26% increase on strong domestic demand

2-wheeler EV buyers can avail subsidy of Rs 10,000 in 1st yr of PM E-DRIVE

Electric two-wheeler buyers can avail a maximum subsidy of up to Rs 10,000 in the first year of the PM E-DRIVE Scheme to be rolled out soon, Union Heavy Industries Minister HD Kumaraswamy said on Thursday. Addressing a media briefing, Kumaraswamy said the subsidy under the PM E-DRIVE Scheme for electric two-wheelers has been fixed based on battery power at Rs 5,000 per kilowatt hour but the overall incentive will not exceed Rs 10,000 in the first year. In the second year, it will be halved by Rs 2,500 per kilowatt hour, and the overall benefit will not exceed Rs 5,000. Addressing the media, Kumaraswamy said e-rickshaw buyers can avail of subsidy benefits of Rs 25,000 in the first year and Rs 12,500 in the second year of the PM E-DRIVE scheme. "The per kilowatt subsidy for electric two-wheelers is Rs 5,000 for the first year, and in the second year Rs 2,500, for two years, this benefit will be continued," the minister said. He clarified that the maximum benefit per two-wheeler will

Auto Bet: Bajaj, M&M, Escorts Kubota may lead August sales, says Nuvama

Within the 2W segment, analysts believe, mass-market original equipment manufacturers (OEMs) such as Honda, Hero Moto Corp, Bajaj Auto, and TVS are anticipated to perform well.

Rural revival, margin uptick key to sustaining gains for two-wheeler stocks

Two-wheeler stocks ride the wave of EV adoption, launches, and premiumisation

Passenger vehicle wholesales fall 2.5% in July as retail inventory piles up

SIAM is set to discuss the alarming rise in PV inventory in its upcoming executive committee meeting

Eicher Motors strong Q1 overshadowed by weak Bullet 350 sales, growth woes

The Bullet 350 model saw 14 per cent volume drop in Q1FY25, reflecting limited acceptance of the new model. Similarly, the Hunter 350, launched in FY23, saw an 8 per cent volume decline.

Shifting gear: PV inventory surges even as auto retail sales rise

Pileup shoots to historic high, equating to Rs 73,000 cr worth of stock

Ola Electric to launch IPO next week, valuation seen at around $4.4 billion

Ola is planning the IPO at a lower valuation to ensure higher participation from investors bidding for the IPO shares

Bajaj Auto Q1 Preview: Two-wheeler maker may see revenue growth of 14-15%

Analysts anticipate robust double-digit revenue growth driven by ongoing volume recovery, particularly in rural areas.

Two-wheeler volume growth likely to drive profit for auto sector in Q1

OEMs may post 9-10% revenue growth for June quarter